William K. Reilly Acquires 5,500 Shares of Enviva Partners, LP (EVA) Stock
Enviva Partners, LP (NYSE:EVA) Director William K. Reilly acquired 5,500 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were purchased at an average cost of $27.68 per share, with a total value of $152,240.00. Following the acquisition, the director now owns 23,598 shares of the company’s stock, valued at approximately $653,192.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Enviva Partners, LP (NYSE EVA) traded down 0.18% during mid-day trading on Tuesday, hitting $27.20. 54,195 shares of the company were exchanged. The company’s 50-day moving average price is $27.82 and its 200-day moving average price is $27.80. Enviva Partners, LP has a 12-month low of $19.31 and a 12-month high of $30.60. The firm has a market capitalization of $715.80 million, a P/E ratio of 30.84 and a beta of 1.17.
Enviva Partners, (NYSE:EVA) last issued its quarterly earnings results on Wednesday, May 10th. The energy company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.29. Enviva Partners, had a return on equity of 10.85% and a net margin of 4.13%. The firm had revenue of $122.10 million for the quarter, compared to the consensus estimate of $139.30 million. During the same period last year, the company posted $0.29 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Enviva Partners, LP will post $1.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Thursday, May 18th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date was Tuesday, May 16th. This is an increase from Enviva Partners,’s previous quarterly dividend of $0.54. Enviva Partners,’s dividend payout ratio is 312.68%.
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EVA has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Enviva Partners, from a “hold” rating to a “strong sell” rating in a report on Friday, May 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enviva Partners, in a report on Thursday, April 13th. Finally, TheStreet raised shares of Enviva Partners, from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.00.
Several hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Enviva Partners, by 32.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,738 shares of the energy company’s stock worth $958,000 after buying an additional 8,750 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in shares of Enviva Partners, during the fourth quarter valued at approximately $651,000. A.R.T. Advisors LLC bought a new position in shares of Enviva Partners, during the fourth quarter valued at approximately $286,000. Guggenheim Capital LLC bought a new position in shares of Enviva Partners, during the fourth quarter valued at approximately $3,181,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Enviva Partners, by 233.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,968 shares of the energy company’s stock valued at $186,000 after buying an additional 4,880 shares during the last quarter.
About Enviva Partners,
Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.
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